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Israel has fully coordinated with Washington on Iran and notified the United States before its strike on Iranian targets, state broadcaster Kan quoted an Israeli official as saying on Friday. The official, who was not named, told Kan that recent reports of rifts between Israel and Washington were false, but had not been denied as part of a media ruse to confuse Iran. (Reporting by Maayan Lubell, Writing by Crispian Balmer) [Read more]

Goldman Sachs said it has incorporated a higher geopolitical risk premium into its adjusted summer 2025 oil price outlook but continues to assume no disruptions to Middle East oil supply after Israel launched an attack on Iran. The bank maintains its forecast that robust supply growth outside of U.S. shale will push Brent and WTI prices down to $59 and $55 per barrel, respectively, by the fourth quarter of 2025, and to $56 and $52 in 2026. The bank's base case is that the geopolitical risk [Read more]

The Paris-based International Energy Agency is actively monitoring the impact of clashes between Israel and Iran situation on oil markets, Executive Director Fatih Birol said on Friday. "IEA oil security system has over 1.2 billion barrels of emergency stocks", Birol said in a post on X. Oil prices jumped more than 7% on Friday, trading near multi-month highs after Israel launched strikes against Iran, sparking Iranian retaliation and raising worries about disrupted oil [Read more]

Israel carried out strikes on Iran on Friday, targeting its nuclear facilities, ballistic missile factories and military commanders at the start of what it warned would be a prolonged operation to prevent Tehran from building an atomic weapon. The National Iranian Oil Refining and Distribution Company said refining facilities and oil storage did not sustain any damage in the attacks. Iran, the third largest producer in the Organization of the Petroleum Exporting Countries, extracts about [Read more]

FREDERICTON - A group of Canadian premiers appear to be setting high expectations as they pursue negotiations with American governors to mitigate the impacts of United States-imposed tariffs on their economies. Premiers from New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Ontario, and Quebec's economic minister are scheduled to meet with New England governors on Monday in Boston. New Brunswick Premier Susan Holt said the premiers look to the New England [Read more]

Israel said it had no choice but to attack Iran, adding that it gathered intelligence that Tehran was approaching "the point of no return" in its pursuit of a nuclear weapon. "The Iranian regime has been working for decades to obtain a nuclear weapon. The world has attempted every possible diplomatic path to stop it, but the regime has refused to stop," the Israeli military said in a statement. The military did not disclose the purported evidence that it had recently [Read more]